Global Artery Compression Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Mechanical Compression Devices, Pneumatic Compression Devices, and Electrical Compression Devices.By Indication;
Hospitals, Clinics, and Ambulatory Surgical Centers.By Application;
Diagnostic intervention and Surgical intervention.By End User;
Hospitals, Independent Catheterization Labs, Ambulatory Surgery Centers, and Specialized Centers.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Artery Compression Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Artery Compression Devices Market was valued at USD 265.71 million. The size of this market is expected to increase to USD 381.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.
The global artery compression devices market has witnessed significant growth in recent years, driven by a surge in cardiovascular procedures and a growing emphasis on minimizing post-procedural complications. Artery compression devices are utilized to achieve hemostasis and prevent bleeding at the puncture site following procedures such as angiography, angioplasty, and cardiac catheterization. These devices offer advantages over traditional manual compression techniques, including reduced time to hemostasis, enhanced patient comfort, and lower rates of vascular complications.
One of the key drivers propelling the market is the rising prevalence of cardiovascular diseases worldwide. With the increasing incidence of conditions such as coronary artery disease and peripheral artery disease, there has been a parallel increase in the number of diagnostic and interventional procedures performed, thereby boosting the demand for artery compression devices. Additionally, technological advancements in these devices have led to the development of more efficient and user-friendly products, further fueling market growth.
The growing adoption of minimally invasive procedures is driving the demand for artery compression devices. Minimally invasive techniques offer several benefits, including shorter recovery times, reduced hospital stays, and lower rates of complications compared to traditional open surgeries. Artery compression devices play a crucial role in facilitating the success of these procedures by ensuring prompt and effective hemostasis, thereby contributing to better patient outcomes.
Increasing healthcare expenditure, especially in developing economies, is expected to drive market expansion. Governments and healthcare organizations are investing significantly in upgrading healthcare infrastructure and improving access to advanced medical technologies. This investment is likely to drive the adoption of artery compression devices, particularly in regions witnessing a rise in cardiovascular disease burden. Overall, with ongoing technological advancements and a growing focus on improving patient outcomes, the global artery compression devices market is poised for continued growth in the coming years.
Global Artery Compression Devices Market Recent Developments
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June 2023: TZ Medical introduced Roc Band, a new radial hemostasis band designed to preserve patency. The device provides improved hemostasis and optimized patient recovery times.
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November 2022: Merit Medical Sytems launched PreludeSYNC EZ Radial Compression Device in the United States. A unique cinch-style wristband supports controlled and precise two-handed placement, helping to achieve access site patent hemostasis.
Segment Analysis
The Global Artery Compression Devices Market is segmented by Product Type, Indication, Application, End User, and Geography, which reflect the diverse applications and growing demand for these devices across various healthcare settings. Product Type segmentation includes Manual Compression Devices, Pneumatic Compression Devices, and Electromechanical Compression Devices. Manual compression devices are primarily used in emergency settings where immediate control of bleeding is necessary. Pneumatic compression devices use air pressure to apply consistent pressure, often employed in both clinical and hospital settings for post-operative care or managing venous disorders. Electromechanical compression devices, which combine mechanical and electrical elements to provide controlled pressure, are used in more specialized applications requiring precise and adjustable compression, particularly in critical care environments and for advanced procedures.
In the Indication segment, artery compression devices are utilized for Hemostasis, Deep Vein Thrombosis (DVT) Prevention, and Post-Operative Recovery. Hemostasis is a key application, where compression devices are used to control bleeding following surgical procedures or trauma. In DVT prevention, these devices are used to apply compression to prevent blood clots from forming, especially in patients who are immobile for extended periods. Post-operative recovery is another major indication, where these devices are used to help prevent complications, reduce swelling, and promote circulation after surgeries, particularly in orthopedic, vascular, and cardiac procedures.
The End User segmentation includes Hospitals, Ambulatory Surgical Centers (ASCs), Home Care Settings, and Specialized Clinics. Hospitals are the largest end-user segment, as these devices are often employed in emergency, surgical, and recovery care settings. Ambulatory Surgical Centers are growing as end-users due to the increasing trend of outpatient surgeries, where artery compression devices play a role in preventing post-operative complications. Home care settings are also expanding as patients increasingly recover at home, where portable and user-friendly compression devices are used. Specialized clinics, especially those focusing on vascular health, orthopedics, or wound care, also contribute to the market as they provide targeted therapy with these devices for specific health conditions. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest share due to advanced healthcare infrastructure, high awareness of post-operative care, and a growing aging population. The Asia Pacific region is expected to witness the highest growth due to improving healthcare facilities, rising incidences of vascular disorders, and a large population requiring vascular treatments.
Global Artery Compression Devices Segment Analysis
In this report, the Global Artery Compression Devices Market has been segmented by Product Type, Indication, Application, End User and Geography.
Global Artery Compression Devices Market, Segmentation by Product Type
The Global Artery Compression Devices Market has been segmented by Product Type into Mechanical Compression Devices, Pneumatic Compression Devices, and Electrical Compression Devices.
Among these offerings, mechanical compression devices stand out as a tried-and-tested solution for achieving hemostasis post-procedure. These devices exert pressure on the arterial puncture site, effectively sealing it to prevent bleeding complications. Renowned for their simplicity and efficacy, mechanical compression devices continue to enjoy widespread adoption across healthcare facilities worldwide.
Pneumatic compression devices have emerged as a promising alternative, leveraging pneumatic pressure to achieve hemostasis swiftly and efficiently. These devices offer clinicians greater control over compression parameters, allowing for personalized adjustment based on patient-specific factors. With advancements in technology, pneumatic compression devices have witnessed significant enhancements in terms of usability and patient comfort, further driving their uptake in clinical practice.
The market has witnessed growing interest in electrical compression devices, which utilize electrical stimulation to facilitate hemostasis. These innovative devices offer a non-invasive approach to arterial compression, reducing the risk of complications associated with traditional compression methods. With ongoing research and development efforts aimed at enhancing their performance and usability, electrical compression devices are poised to carve out a distinct niche within the global artery compression devices market, catering to the evolving needs of healthcare providers and patients alike.
Global Artery Compression Devices Market, Segmentation by Indication
The Global Artery Compression Devices Market has been segmented by Indication into Hospitals, Clinics and Ambulatory Surgical Centers.
Hospitals represent a substantial portion of the market for artery compression devices. These facilities often handle a wide range of cardiovascular procedures, including angioplasty, stenting, and cardiac catheterization, where artery compression devices are frequently utilized. With the rising number of hospital admissions for cardiovascular interventions, the demand for these devices within hospital settings is expected to remain robust.
Clinics also play a crucial role in the adoption of artery compression devices. As outpatient facilities, clinics offer a convenient and accessible option for patients requiring minor cardiovascular procedures. Many clinics are equipped with the necessary infrastructure to perform procedures like angiograms and angioplasties, making artery compression devices indispensable tools in these settings. Moreover, the trend towards minimally invasive procedures has further fueled the demand for these devices in clinics.
Ambulatory surgical centers (ASCs) have emerged as important players in the healthcare landscape, offering same-day surgical procedures in a cost-effective and efficient manner. ASCs provide a range of cardiovascular interventions, including diagnostic procedures and minor surgeries, for patients who do not require hospitalization. Artery compression devices are integral to the success of procedures performed in ASCs, enabling quick hemostasis and facilitating faster patient recovery.
The segmentation of the global artery compression devices market by indication highlights the diverse healthcare settings where these devices are utilized. Hospitals, clinics, and ambulatory surgical centers each play a vital role in driving the demand for artery compression devices, reflecting the growing emphasis on cardiovascular care across different healthcare settings. As technological advancements continue to enhance the efficacy and safety of these devices, their adoption is expected to further increase across all indications in the coming years.
Global Artery Compression Devices Market, Segmentation by Application
In this report, the Global Artery Compression Devices Market has been segmented by Application into Diagnostic intervention and Surgical intervention.
The Global Artery Compression Devices Market is segmented by Application into Diagnostic Intervention and Surgical Intervention, each addressing different clinical needs and procedures. In Diagnostic intervention, artery compression devices are primarily used during procedures that require controlled compression to prevent bleeding and promote blood flow stabilization. These devices play a key role in diagnostic imaging and catheterization procedures, where arterial access is required, such as angiograms or coronary angioplasties. During these procedures, the compression devices help to control bleeding at the insertion site post-procedure, improving patient safety and comfort, and reducing complications related to arterial punctures.
In the context of Surgical intervention, artery compression devices are widely used to control bleeding during or after surgical procedures, particularly in vascular, orthopedic, and cardiac surgeries. These devices apply targeted pressure to ensure hemostasis, reducing the risk of excessive blood loss and complications during surgery. In procedures such as vascular surgery, where arterial access is common, these devices are vital for preventing hemorrhages and ensuring a smooth recovery. Additionally, they are used in post-operative care to maintain pressure at surgical sites, facilitating faster recovery and reducing the chances of post-surgical complications like hematomas or swelling.
The Surgical intervention application also extends to post-operative recovery, where artery compression devices are used to maintain pressure at arterial access sites, preventing leakage and ensuring proper healing. These devices are particularly important in high-risk surgeries or for patients with clotting disorders. They are also employed in recovery rooms to ensure that patients experience minimal discomfort after surgery, accelerating the healing process and improving clinical outcomes. As a result, the demand for artery compression devices in surgical interventions is expected to continue growing as surgical procedures become more complex and as healthcare systems prioritize patient safety, reduced recovery times, and improved surgical success rates.
Global Artery Compression Devices Market, Segmentation by End User
In this report, the Global Artery Compression Devices Market has been segmented by End User into Hospitals, Independent Catheterization Labs, Ambulatory Surgery Centers, and Specialized Centers.
Hospitals are the largest end-user segment, as artery compression devices are extensively utilized in various departments, such as emergency care, surgery, and post-operative recovery. In hospital settings, these devices are critical for managing arterial access sites during diagnostic and therapeutic procedures like angiograms, stent placements, and vascular surgeries. Hospitals also rely on these devices to ensure patient safety during and after invasive procedures, reducing the risk of complications like bleeding or hematomas.
Independent Catheterization Labs represent another important segment of the artery compression devices market. These specialized facilities focus on diagnostic and therapeutic cardiovascular procedures such as catheterizations and angioplasties, where precise control over bleeding and hemostasis is crucial. In catheterization labs, artery compression devices are used to manage puncture sites after arterial access, providing targeted pressure to stop bleeding and prevent complications. These labs often cater to patients with heart disease or vascular issues, where managing arterial access is a routine part of care. The increasing number of catheterization procedures and growing awareness of heart health contribute to the demand for these devices in independent labs.
Ambulatory Surgery Centers (ASCs) and Specialized Centers are also significant end users of artery compression devices, driven by the rising trend of outpatient surgeries and specialized treatments. ASCs focus on minimally invasive procedures and elective surgeries, where artery compression devices help control bleeding during and after surgeries, such as endovenous laser treatments or joint replacements. The convenience and cost-effectiveness of ASCs make them increasingly popular, driving the demand for efficient and reliable artery compression devices. Specialized Centers, which include facilities focusing on vascular health, orthopedics, or wound care, use artery compression devices for more targeted interventions. These centers often deal with patients requiring specialized care for arterial issues, trauma recovery, or chronic conditions, necessitating the use of such devices to support recovery and improve patient outcomes.
Global Artery Compression Devices Market, Segmentation by Geography
In this report, the Global Artery Compression Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Artery Compression Devices Market Share (%), by Geographical Region, 2024
The North American region holds a significant share in the global artery compression devices market. This dominance can be attributed to factors such as the high prevalence of cardiovascular diseases in the region, advanced healthcare infrastructure, and increasing adoption of minimally invasive procedures. Moreover, favorable reimbursement policies and the presence of key market players further contribute to the growth of the market in North America. The United States particularly emerges as a major contributor to market growth due to its large patient pool and robust healthcare system.
In Europe, the artery compression devices market is also witnessing substantial growth. Countries such as Germany, the UK, France, and Italy are key contributors to the market expansion in this region. Factors such as the rising geriatric population, increasing awareness about cardiovascular diseases, and advancements in medical technology drive market growth in Europe. Additionally, favorable government initiatives to improve healthcare infrastructure and accessibility also play a crucial role in boosting market growth across European countries.
The Asia Pacific region is expected to experience rapid growth in the artery compression devices market during the forecast period. Factors such as the increasing prevalence of cardiovascular diseases, growing healthcare expenditure, and rising adoption of advanced medical technologies contribute to market expansion in this region. Countries like China, India, Japan, and South Korea are witnessing significant demand for artery compression devices due to the increasing burden of cardiovascular diseases and a growing number of interventional procedures.
In the Middle East and Africa (MEA) region, the artery compression devices market is gradually evolving. Factors such as improving healthcare infrastructure, rising healthcare expenditure, and growing awareness about cardiovascular diseases drive market growth in this region. However, the market in MEA is relatively nascent compared to other regions, and it faces challenges such as limited access to healthcare facilities in rural areas and low healthcare expenditure in some countries.
Latin America also presents opportunities for growth in the artery compression devices market. Countries like Brazil, Mexico, and Argentina are witnessing increasing adoption of these devices due to the rising prevalence of cardiovascular diseases and improving healthcare infrastructure. Additionally, government initiatives to enhance healthcare services and growing investments by key market players further propel market growth in Latin America.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Artery Compression Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers
- Aging population
- Rise in cardiovascular diseases
- Technological advancements in healthcare
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Increasing demand for minimally invasive procedures: The global artery compression devices market is witnessing significant growth, primarily driven by the increasing demand for minimally invasive procedures. As advancements in medical technology continue to evolve, there is a growing preference among both patients and healthcare professionals for procedures that offer quicker recovery times, reduced risk of complications, and shorter hospital stays. Artery compression devices play a crucial role in achieving these objectives by facilitating hemostasis after minimally invasive vascular procedures such as angiography and angioplasty.
One of the key factors contributing to the rising demand for artery compression devices is the increasing prevalence of cardiovascular diseases worldwide. Conditions such as coronary artery disease and peripheral artery disease require diagnostic and interventional procedures to assess and treat the underlying pathology. As a result, there is a growing need for tools and devices that can effectively manage vascular access sites while minimizing post-procedural complications such as bleeding and hematoma formation.
The aging population and the growing burden of chronic diseases further underscore the importance of minimally invasive interventions. Older adults, who are more susceptible to cardiovascular conditions, often have multiple comorbidities that make traditional surgical approaches less feasible. By offering less invasive alternatives, artery compression devices enable healthcare providers to address the needs of this demographic more effectively while improving patient outcomes and quality of life.
Restraints
- High cost of devices
- Lack of skilled professionals
- Stringent regulatory guidelines
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Limited reimbursement policies: The global artery compression devices market faces significant challenges due to limited reimbursement policies. These devices, often used post-cardiac catheterization procedures, are essential in preventing bleeding complications. However, reimbursement policies vary widely across different regions, posing financial burdens on patients and healthcare facilities alike. In many cases, patients may have to bear a significant portion of the cost, deterring some from accessing these critical devices or opting for alternative, potentially less effective methods.
Limited reimbursement policies hinder the widespread adoption of artery compression devices, particularly in emerging economies where healthcare resources are already stretched thin. This situation exacerbates healthcare disparities, as patients in these regions may face barriers to accessing optimal post-procedural care. Healthcare providers also face challenges in offering these devices as part of standard care due to financial constraints, further limiting their availability to those who need them most.
Addressing the issue of limited reimbursement policies requires collaborative efforts from healthcare stakeholders, including policymakers, insurance companies, and medical device manufacturers. Improving reimbursement policies can enhance patient access to artery compression devices, ultimately improving patient outcomes and reducing healthcare costs associated with bleeding complications. Additionally, investing in public health infrastructure and education programs can help raise awareness about the importance of these devices, encouraging policymakers to prioritize adequate reimbursement policies to support their widespread use.
Opportunities
- Emerging economies market expansion
- Development of innovative artery devices
- Collaborations with healthcare organizations
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Growing awareness about artery diseases: The global artery compression devices market is experiencing significant growth, driven largely by the increasing awareness about artery diseases among the general population. Artery diseases, including peripheral artery disease (PAD) and coronary artery disease (CAD), are major health concerns worldwide due to their potential to cause serious complications such as heart attacks and strokes. As people become more aware of the risk factors and symptoms associated with these conditions, there is a growing demand for effective diagnostic and treatment solutions, including artery compression devices.
One of the key factors contributing to the rising awareness about artery diseases is the efforts of healthcare organizations, governments, and advocacy groups to educate the public about the importance of cardiovascular health. Awareness campaigns, screening programs, and community outreach initiatives play a crucial role in disseminating information about artery diseases, their causes, and available treatment options. As a result, more individuals are proactively seeking medical advice and undergoing screenings for early detection of artery diseases, leading to an increased demand for artery compression devices in healthcare facilities worldwide.
Advancements in medical technology and innovations in artery compression devices are driving market growth by improving the effectiveness and efficiency of artery compression procedures. Modern artery compression devices are designed to provide precise and uniform pressure to the arterial puncture site, ensuring optimal hemostasis while minimizing patient discomfort and complications. These devices offer healthcare professionals greater control and flexibility during arterial closure procedures, resulting in reduced procedure times and improved patient outcomes. With ongoing research and development efforts focused on enhancing the performance and usability of artery compression devices, the market is expected to continue its upward trajectory as the global awareness of artery diseases continues to grow.
Competitive Landscape Analysis
Key players in Global Artery Compression Devices Market include:
- Terumo Corporation
- Abbott Laboratories
- Merit Medical Systems, Inc
- Vascular Solutions, Inc
- Medtronic plc
- Boston Scientific Corporation
- Cook Medical
- Teleflex Incorporated
- Maquet
- SCITECH Medical
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Indication
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Artery Compression Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Aging population
- Rise in cardiovascular diseases
- Technological advancements in healthcare
- Increasing demand for minimally invasive procedures
- Restraints
- High cost of devices
- Lack of skilled professionals
- Stringent regulatory guidelines
- Limited reimbursement policies
- Opportunities
- Emerging economies market expansion
- Development of innovative artery devices
- Collaborations with healthcare organizations
- Growing awareness about artery diseases
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Artery Compression Devices Market, By Product Type, 2021 - 2031 (USD Million)
- Mechanical Compression Devices
- Pneumatic Compression Devices
- Electrical Compression Devices
- Global Artery Compression Devices Market, By Indication, 2021 - 2031 (USD Million)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Global Artery Compression Devices Market, By Application, 2021 - 2031 (USD Million)
- Diagnostic intervention
- Surgical intervention
- Global Artery Compression Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Independent Catheterization Labs
- Ambulatory Surgery Centers
- Specialized Centers
- Global Artery Compression Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Artery Compression Devices Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Terumo Corporation
- Abbott Laboratories
- Merit Medical Systems, Inc
- Vascular Solutions, Inc
- Medtronic plc
- Boston Scientific Corporation
- Cook Medical
- Teleflex Incorporated
- Maquet
- SCITECH Medical
- Company Profiles
- Analyst View
- Future Outlook of the Market